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2863 Getwell Rd 8,850 SF of Retail Space Available in Memphis, TN 38118
HIGHLIGHTS
- Former licensed daycare center, ideal for childcare or preschool use
- Surrounded by dense residential and family-oriented demographics
- Easy ingress/egress for families
- High-visibility location with strong traffic on Getwell Road
- Significant unmet demand for quality childcare in the immediate area
- Building requires extensive refurbishment but had a functional daycare layout
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,850 SF | 10 Years | $14.08 CAD/SF/YR $1.17 CAD/SF/MO $124,603 CAD/YR $10,384 CAD/MO | Triple Net (NNN) |
1st Floor
Building does need to be renovated but previous use was a Daycare.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 8,850 SF | Gross Leasable Area | 8,850 SF |
| Property Type | Retail | Year Built | 1973 |
| Total Space Available | 8,850 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,850 SF |
| Year Built | 1973 |
ABOUT THE PROPERTY
2863 Getwell Road presents a great opportunity to revive a much-needed daycare in one of Southeast Memphis’ busiest, most visible corridors. Formerly operated as a licensed childcare center, the building already has the foundational layout and infrastructure ideal for redevelopment into a modern daycare, preschool, or early-learning facility. While the property will require refurbishment and updates, its prior daycare use offers a head start for operators looking to re-enter a market with strong unmet demand. The surrounding area includes dense residential neighborhoods, multifamily communities, and a large working-family population — all of which rely heavily on accessible childcare options. With few active centers nearby, a new operator can immediately capture this underserved market. Located directly on Getwell Road, the site benefits from excellent traffic counts, strong signage visibility, and convenient access for daily drop-off and pick-up. The corridor continues to grow, supported by nearby apartments, single-family homes, schools, and employers, making this an ideal location for a revitalized early-education concept.
NEARBY MAJOR RETAILERS
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2863 Getwell Rd
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